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Forum » If you’re earning $200k per year as a wage…
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Thread: If you’re earning $200k per year as a wage…

post 1656694023 02-23-2022, 12:28 AM
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#31
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Originally Posted By Archangel_Lost⏩
our company increased our wages by like 25% a few months ago so that's nice. still weird making that much more but still not actually seeing a difference since everything is more expensive.
I hate to think what’s happening to people whose wage didn’t increase by that much (or at all)
post 1656694673 02-23-2022, 12:52 AM
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#32
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Originally Posted By r32gojirra⏩
I hate to think what’s happening to people whose wage didn’t increase by that much (or at all)
They were jumping jobs for higher salaries, hence "The Great Resignation."

Lmao just lmao at spending more than 3-4 years at a company that has no reason to give you any substantial increases in pay.
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post 1656698813 02-23-2022, 04:26 AM
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#33
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What? Dollars you invest aren't worth less until you actually spend those $'s.

Only the $'s you spend are subject to the current inflation.

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post 1656699063 02-23-2022, 04:34 AM
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#34
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Originally Posted By Destor⏩
What if you make like $240k and pay yourself in dividends while owning a decent amount of stonks in what’s considered the best hedge against inflation and have the ability to avoid taxes through various deductions or just keeping money in your corporation because you already have too much cash to spend

Asking for a friend
240k a year? Fuark you must live in a mansion in Alberta, it would be a 3 bedroom rancher in BC, anywhere relevant anyways
post 1656699303 02-23-2022, 04:41 AM
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#35
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Other than fuel, which went from $30/wk to $55/wk I haven't noticed any difference.

And with motorcycle season fast approaching my fuel costs are about to to go $15/wk.
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post 1656699433 02-23-2022, 04:43 AM
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#36
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Originally Posted By AlwaysFocus⏩
240k a year? Fuark you must live in a mansion in Alberta, it would be a 3 bedroom rancher in BC, anywhere relevant anyways
Mansion is next srs on a few acres, gonna hopefully pick up a $900k-$1m property this year and rent out the current $500k house
post 1656699533 02-23-2022, 04:48 AM
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#37
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Originally Posted By Destor⏩
Mansion is next srs on a few acres, gonna hopefully pick up a $900k-$1m property this year and rent out the current $500k house
nice
post 1656699713 02-23-2022, 04:55 AM
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#38
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There will be A LOT more poor people soon. Stay safe boyos
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post 1656699833 02-23-2022, 04:59 AM
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#39
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I'm in a good spot, all my savings are in silver and I punted my hundreds of thousands of dollars in school loans which interest rates have been outpaced heavily by inflation.
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post 1656700363 02-23-2022, 05:15 AM
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#40
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Originally Posted By SillieBazzillie⏩
What? Dollars you invest aren't worth less until you actually spend those $'s.

Only the $'s you spend are subject to the current inflation.

Misc...SMH
Uhhhh… the dollars are devalued whether you spend them or invest them or not

You can try to outrun inflation but you’ll have to take on increasing amounts of risk
post 1656700763 02-23-2022, 05:28 AM
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#41
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Originally Posted By r32gojirra⏩
Uhhhh… the dollars are devalued whether you spend them or invest them or not

You can try to outrun inflation but you’ll have to take on increasing amounts of risk
So the DOW is up 6.5% for the last year, even taking into account the last couple of weeks. Explain to me how the dollars you invested a year ago are worth less today.

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post 1656700883 02-23-2022, 05:32 AM
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#42
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Originally Posted By SillieBazzillie⏩
So the DOW is up 6.5% for the last year, even taking into account the last couple of weeks. Explain to me how the dollars you invested a year ago are worth less today.

Misc...SMH
Because inflation was more than that. So you went backwards.

Even if you take the “official” figures, that’s a rubbish return for the amount of risk.

You should be able to get a return by putting your money in the bank.
post 1656700923 02-23-2022, 05:32 AM
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#43
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Originally Posted By SillieBazzillie⏩
So the DOW is up 6.5% for the last year, even taking into account the last couple of weeks. Explain to me how the dollars you invested a year ago are worth less today.

Misc...SMH
Is that 6.5% higher than inflation? Also, even if it is, picking ONE index as if that disproves his entire statement...
post 1656701673 02-23-2022, 05:50 AM
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#44
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Originally Posted By Muscle2021⏩
Hey man as someone who works hard and puts away money this hits me harder than most people who just live paycheck to paycheck.
But what can you do?
Obviously invest. Sp500, but if you know wtf you are doing you can invest in other great things like real estate, bitcoin, sell options etc.
post 1656701883 02-23-2022, 05:58 AM
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#45
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Originally Posted By imbored21⏩
you arnet taking a 30k paycut unless you were planning to spend 200k/year on food. lol
This. Live below your means, spend only what you have to, and invest the rest.
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post 1656702863 02-23-2022, 06:24 AM
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#46
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Originally Posted By r32gojirra⏩
The worst part is, if they passed a bill in Parliament (congress) to raise tax rates, they’d lose their seat faster than you could blink

Yet they can get away with deliberately devaluing everyone’s wealth and inflating increasing numbers of people into higher tax brackets (assuming their wages keep track with inflation, LMAO)
Idiot public is easily manipulated, just look at how many people celebrate getting a large tax return...
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post 1656703253 02-23-2022, 06:32 AM
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#47
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Yeah exposure to inflation really depends on where your money goes during the period of crazy prices, a lot of this stuff won't last forever but some of it will be entrenched

Car prices better fukn drop
post 1656705083 02-23-2022, 07:18 AM
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#48
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Originally Posted By r32gojirra⏩
Explain this to me then:

If someone rolled up in your house and stole your $30k car would you be mad? Call the police?

Why is ok when the central bank and politicians do it?
What is your plan to correct the problem using this analogy?
post 1656705263 02-23-2022, 07:22 AM
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#49
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Originally Posted By Destor⏩
Mansion is next srs on a few acres, gonna hopefully pick up a $900k-$1m property this year and rent out the current $500k house
Bro, be careful throwing around words......it can ruin your credibility. Typically a "mansion" is labeled as such for two things: size of estate and luxury of estate. Im sorry but you arent getting any luxurious large home anywhere in North America for $1M.
post 1656705413 02-23-2022, 07:27 AM
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#50
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Originally Posted By r32gojirra⏩
…and the price of things (food, houses, etc) went up by 15% (conservative)

Then you just took a $30k per year pay cut

But that’s not all

You’re getting taxed in nominal dollars

So you are paying tax at the marginal tax rate applicable to $200k, not the deflated amount (bracket creep). Your average and total tax rate will be higher for a given level of purchasing power.

Did you work 15% less hard this year? Probably not. Did the government give you thousands of dollars more in services? Doubt it.
Now do people that make 40K a year.


The US is on its last legs. We had a good run but you won’t recognize this country in 10 years
post 1656705683 02-23-2022, 07:32 AM
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#51
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Originally Posted By FastBack6⏩
Now do people that make 40K a year.


The US is on its last legs. We had a good run but you won’t recognize this country in 10 years
If you're betting against the West/EU and capitalism, I'll take that bet (srs)

We emerged essentially out of nothing and are now far more developed than some parts of the world that had heads starts of literally thousands of years, and we'll continue plowing ahead
post 1656705833 02-23-2022, 07:35 AM
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#52
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Originally Posted By r32gojirra⏩
…and the price of things (food, houses, etc) went up by 15% (conservative)

Then you just took a $30k per year pay cut

But that’s not all

You’re getting taxed in nominal dollars

So you are paying tax at the marginal tax rate applicable to $200k, not the deflated amount (bracket creep). Your average and total tax rate will be higher for a given level of purchasing power.

Did you work 15% less hard this year? Probably not. Did the government give you thousands of dollars more in services? Doubt it.
So, is it better to just LDAR?
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post 1656708003 02-23-2022, 08:08 AM
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#53
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Originally Posted By r32gojirra⏩
…and the price of things (food, houses, etc) went up by 15% (conservative)

Then you just took a $30k per year pay cut

But that’s not all

You’re getting taxed in nominal dollars

So you are paying tax at the marginal tax rate applicable to $200k, not the deflated amount (bracket creep). Your average and total tax rate will be higher for a given level of purchasing power.

Did you work 15% less hard this year? Probably not. Did the government give you thousands of dollars more in services? Doubt it.
Sure, but the only inflation that has effected me is what I spend money on every month which is gas for the home and car, and food. The rest of my costs are fixed. So $500*1.15=$575. Realistically though, inflation on those items has been more like 50%, $500*1.50=$750. That's only 3% inflation for me based on my income.

Since the rest of my money is invested that should be considered. It's been 14% return each year over the last 5 years, so I'm doing just fine honestly. Yeah inflation sucks, but when you zoom out it hasn't been so bad for me personally.
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post 1656713633 02-23-2022, 09:43 AM
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#54
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Originally Posted By _zman⏩
Sure, but the only inflation that has effected me is what I spend money on every month which is gas for the home and car, and food. The rest of my costs are fixed. So $500*1.15=$575. Realistically though, inflation on those items has been more like 50%, $500*1.50=$750. That's only 3% inflation for me based on my income.

Since the rest of my money is invested that should be considered. It's been 14% return each year over the last 5 years, so I'm doing just fine honestly. Yeah inflation sucks, but when you zoom out it hasn't been so bad for me personally.
What about insurance? How about rent and or maintenance supplies and labor on home? No gym membership? You dont buy any items outside of gas and food? This cant be real life.
post 1656715163 02-23-2022, 10:10 AM
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#55
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Originally Posted By donblaximus⏩
What about insurance? How about rent and or maintenance supplies and labor on home? No gym membership? You dont buy any items outside of gas and food? This cant be real life.
Car insurance has remained the same (so far) on the daily and collector car insurance is fixed. Insurance on the home always has trickled upward, likely based on valuation. Mortgage, just refinanced, so payment actually went down. Supplies? Renovations were mostly completed last summer by myself and I have all the tools I need. If HVAC needs serviced, I have a guy. Gym membership has been the same contracted rate since 2018 ($40/mo)

Nothing really to buy anymore. I mostly have what I need. I'm not saying inflation isn't effecting me, it's just not effecting me much. Trust me when I say I hate inflation, and I watch prices like a hawk. I'm just set up well right now for it.

Vacation though, that's where I've been hit the hardest. Flights are mostly up, hotels are almost double, and rental cars are up like 50%. But that's a flexible choice.

Also want to buy another car and those prices are up like 30-35% on the model I want.
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post 1656719143 02-23-2022, 11:05 AM
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#56
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Depends on how you live your life. I make about 250k on average. 120k on my pharmacist salary and 130k from other investments. Dont pay much on my investment profits due to business tax write off. I bought my cars and other goods on my business. I only spend 1/3 of my income and invest and save the rest. Considering disposable income in US in Dec of 2021 was $55k, how much I make and how much I spend, inflation had zero impact.
Trust me, I am a pharmacist.
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